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On the morning of March 10, 2009, U.S. Congressman Barney Frank, Chairman of the House Financial Services Committee, emerged from a meeting with the Securities and Exchange Commission and announced that the uptick rule would soon be reinstated.  The rapidly falling stock market began to rise.  At closing on March 10 the Dow Jones Industrial Average had risen more than 5% over the previous day. This was the bottom of the market crash, and it has continued to rise, reaching an increase from the bottom of over 75%.
Congressman Frank’s action urging the SEC to reinstate the uptick rule was due to recommendations from NECSI researchers who had studied the forces that led to the 2007 economic crash. The recommendations were provided in person on December 29, 2008. [1,4]